AGM Statement

RNS Number:5702K
Systems Union Group PLC
30 April 2003



                            Systems Union Group plc

                        Annual General Meeting statement


Systems Union Group plc, the global software vendor, held its Annual General
Meeting on Wednesday 30 April 2003 at its registered office in Farnborough,
Hampshire. Key points from the update given to shareholders present at the
meeting are as follows:



                                   Highlights

  * SunSystems vertical market strategy continues to bear fruit with major
    contracts secured so far this year in all four key markets: hotels (Starwood
    Hotels & Resorts (owner of Sheraton brand)), oil & gas (Shell Gas (LPG) and
    BP Poland), insurance (MIIX Insurance and MetLife, both in the US) and aid
    agencies (ActionAid).
  * New Shanghai office now operational with the Shanghai American School
    secured as its first contract win, joining 2,300 existing SunSystems
    customer sites in China. The new R&D team at that office will strengthen the
    global SunSystems product offerings.
  * SunSystems 5.1.5 will be released in May and include customer and vertical
    market specific additions together with enhanced web-based reporting
    capabilities.
  * Pegasus has started the year well and, with the launch of Advanced Nominal
    Ledger in May, we expect a continuation of this good start.
  * Cash and investments at 25 April 2003 were #26.7 million (31 Dec 2002:
    #25.2 million).
  * Profitability remains consistent with last year.



Paul Coleman, chief executive officer of Systems Union Group plc, said:

"The commercial environment in 2003 is having a significant impact on trading
conditions for the whole sector. However, our strong maintenance income
continues to make a significant contribution in the face of the difficult market
for new product sales. Our realistic agenda coupled with our ambition to grow,
organically and by acquisition, will ensure we maintain our position amongst the
sector leaders."







For further information, please contact:
Paul Coleman           Systems Union Group plc           01252 556000
Robert Gibb            Systems Union Group plc           01252 556219/ 07767 216021
Trevor Bass            Fleet Financial                   020 7067 0743


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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